A Director at Webcom Group (NASDAQ: WEB) is Buying Shares

By Carrie Williams

Today, a Director at Webcom Group (NASDAQ: WEB), Hugh Durden, bought shares of WEB for $91.77K.

Following this transaction Hugh Durden’s holding in the company was increased by 13% to a total of $1.57 million.

Based on Webcom Group’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $189 million and quarterly net profit of $30.77 million. In comparison, last year the company earned revenue of $185 million and had a net profit of $6.52 million. The company has a one-year high of $25.95 and a one-year low of $17.20. WEB’s market cap is $886.5M and the company has a P/E ratio of 16.96.

12 different firms, including B.Riley FBR and Barclays, currently also have a Buy rating on the stock. Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $23.40, reflecting a -21.8% downside.

Hugh Durden’s trades have generated a -0.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Web.com Group, Inc. engages in the provision of Internet services and online marketing solutions for small to medium-sized businesses. The company solutions include domains, hosting, website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products, and eCommerce solutions.